US Stock Market Move | Some nuclear power concept stocks are strengthening, with Talen Energy (TLN.US) rising more than 10%.
Some nuclear power concept stocks are strengthening.
Some nuclear power concept stocks have strengthened. As of the time of writing, Talen Energy (TLN.US) rose by more than 10%, Vistra Energy (VST.US) rose by more than 7.5%, Energy Fuels (UUUU.US) rose by more than 5%, and Constellation Energy (CEG.US) rose by nearly 4%. In terms of news, bipartisan lawmakers in the United States are planning to introduce a new bill to establish a "Strategic Resilience Reserve" with a scale of $25 billion for reserving critical minerals. This move aims to reduce the United States' reliance on external supply chains and provide stable material security for domestic technology and manufacturing industries.
The proposal, called the "SECURE Minerals Act," is scheduled to be introduced on Thursday by Senators Jeanne Shaheen and Todd Young, as well as Representatives John Moolenaar and Rob Wittman.
The bill will establish a critical minerals exchange center, operating between a Strategic Petroleum Reserve and the Federal Reserve: on a physical level, it will establish storage facilities similar to the Strategic Petroleum Reserve; on a governance level, it will set up a regulatory commission similar to the Federal Reserve to oversee the reserve and release of critical materials.
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